Impala Platinum records 17% output increase in Q1 2016
Thursday, 28 April 2016 14:28
During the first quarter of 2016, miner Impala Platinum produced 353,000 ounces of platinum, up 17% from 301,000 ounces in Q1 2015.
The increase is mainly due to higher output at its Zimbabwean mine which produced 89,000 oz during the quarter, compared to 52,000 oz over the same period last year. Moreover, the firm had good results at its Marula and Two Rivers Mimosa mines, in South Africa, which, in addition to volumes provided by Impala Refining Services (IRS) increased Impala’s platinum output by 32.9%.
However, the company also had some major drawbacks. Out of a total of six deaths, Implats recorded two deaths at Impala Rustenburg and one at Mimosa.
The firm plans this year to produce 1.42 million ounces of refined platinum at an average cost of R22500/oz.
Impala operates, in Zimbabwe, the Ngezi mine in which it detains a 30% stake. The Johannesburg-based company contributes 22% of platinum produced worldwide.
Louis-Nino Kansoun
Live News
-
Togo raises 22 bln CFA francs on regional debt market
17:16
-
Nigeria Considers New Company to Fix Weaknesses in Power Transmission Grid
16:07
-
Senegal Secures EU Funding to Extend Regional Express Train to Thiès
16:01
-
Ethiopia’s Stock Exchange Launches Digital Trading Platform to Broaden Investor Access
15:56
-
After 14 Years, Phatisa Exits Zambia’s Goldenlay and Belgium’s Vanden Avenne Steps In
15:52
-
Luxembourg, through LuxDev, to finance higher education projects in Togo
13:26
-
Togo approves bill updating environmental law and introducing carbon tax
13:21
-
Togo advances reform to centralise SME and youth entrepreneurship support
13:03
-
German Cooperation Injects €4m Into Climate-Smart Farming Drive in Northern Cameroon
10:01
-
Cameroon considers co-financing youth incubation programme in plantain value chain
09:55
Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...
Military escalation between Iran, Israel, and the United States has raised the risk of disruptions...
Algeria’s NESDA and the Algerian‑Saudi Investment Company sign cooperation deal focused on researc...
DRC seeks ITC support for local battery value chains Musompo SEZ targets $2 billion private ...
Central Bank of Nigeria said 20 commercial banks have met new minimum capital requirements, with...
Nigeria is considering creating a Grid Asset Management Company (GAMCO) to manage transmission infrastructure. The move targets a key bottleneck...
The European Union has approved €6 million to support the next phase of Senegal’s regional express train expansion. The funding will help...
The Ethiopian Securities Exchange has launched “Neway,” a web and mobile trading platform for investors. The tool allows users to open accounts,...
Investment firm Phatisa has sold its majority stake in Zambia’s egg producer Goldenlay. Belgian animal feed company Vanden Avenne acquired the...
African-born artists generated $77.2 million in auction sales in 2024, down 31.9% year-on-year. Women artists accounted for about $22...
In April 2026, the Amani Festival will change venues. Forced to leave Goma for Lubumbashi due to growing insecurity, the event turns displacement into an...